International Mortgage News

Mortgages for German Property (Foreign Nationals)

Arranging mortgages in Germany has always been an issue for International Mortgage Brokers like myself. Foreign nationals can buy property for cash with no problems, but there was one issue in German property law that has always made things complicated for foreign buyers:

You have to have an address in Germany where all letters, statements and documentation relating to a mortgage can be sent. The German banks require this, because it is to this address that they will come to if there are any late or non payments on the mortgage.

Clearly not an issue if you are living in the country, but it makes it very difficult if you are a foreign buyer, purchasing for investment purposes.

I’m now working with a firm of brokers who seem to have cracked this problem and are working with most of the German banks.

We are able to obtain pre-approval of mortgages for customers, so whether you are at the very early stages of thinking about purchasing a property in Germany, already found your new property, or currently have a mortgage on your German home and wish to save money, we may be able to help.

Want to find out more information, please feel free to contact me via my website:  www.international-mortgage-broker.com

Your home or foreign property may be repossessed if you do not keep up repayments on your mortgage. Changes in the exchange rate may increase the sterling equivalent of your debt. Be sure you can afford the repayments before entering into any credit agreement. Any quotation supplied is not an offer of a mortgage. Overseas mortgages are not regulated by the UK Financial Services Authority, you will not be protected by them in respect to advice given.

Mortgages for Foreign Nationals Buying in Canada

Detalis are correct as at November 4th 2008.

Rates from 5.75%, available up to 75% of the value of the property on a 5 year fixed rate.

We do have variable rate products available; however due to the current economic climate, these are more expensive.

Canada has one of the most secure banking systems in the World.  To date it has not had one single failing bank and the Government has not added a single penny to their banking system.

Average detached home prices nationwide are approx. $350K Canadian or $300K American.

We are able to obtain pre-approval of mortgages for customers, so whether you are at the very early stages of thinking about purchasing a property in Canada, already found your new property, or currently have a mortgage on your Canadian home and wish to save money, we may be able to help.

Want to find out more information, please click contact me via my website:  www.international-mortgage-broker.com

Your home or foreign property may be repossessed if you do not keep up repayments on your mortgage. Changes in the exchange rate may increase the sterling equivalent of your debt. Be sure you can afford the repayments before entering into any credit agreement. Any quotation supplied is not an offer of a mortgage. Overseas mortgages are not regulated by the UK Financial Services Authority, you will not be protected by them in respect to advice given.

Mortgages for Foreign Nationals buying property in Greece

The ‘Credit Crunch’ has meant that many banks are now restricting their lending on property in Greece to 50% of the value of the property to foreign nationals.

Whether for an investment or a holiday home, this could be the perfect opportunity. We can currently offer mortgages on Greek property at 90% of the value, 10% Deposit ONLY required.

Arranging a mortgage in Greece :

• Loans available for Purchase, Construction or Home
Improvements
• Loan advance of 90% of the market value of the property
and not the purchase price
• Range of Currencies - Euros, Swiss Francs, US Dollars and
any other currency provided it is funded by the banks
• Interest Rates start from 4.00% in Swiss Francs
• Fixed Rate of Interest available for 3, 5, 10, 15, 20 and 25
years
• Variable Rate Mortgages with no Early Redemption Charges
• Reduced Banking and Legal Charges
• No Valuation Fees
• Maximum loan term 30 years
• Overpayment, Underpayment and Payment Holiday facility,
subject to the terms and conditions of the lender.
• Access to 24 hour Online Banking
• Minimum Documentation for an Application (copy of
passport, latest P60 and payslip or tax assessment, if self-employed)
• Shortened Two Page Mortgage Application Form
• Pre-approval and quotations within hours of an Initial
Enquiry
• Currency Review Switching Service

We are able to obtain pre-approval of mortgages for customers, so whether you are at the very early stages of thinking about purchasing a property in Greece, already found your new property, or currently have a mortgage on your Greek home and wish to save money, we maybe able to help.

Want to find out more information, please click contact me via my website:  www.international-mortgage-broker.com

Your home or foreign property may be repossessed if you do not keep up repayments on your mortgage. Changes in the exchange rate may increase the sterling equivalent of your debt. Be sure you can afford the repayments before entering into any credit agreement. Any quotation supplied is not an offer of a mortgage. Overseas mortgages are not regulated by the UK Financial Services Authority, you will not be protected by them in respect to advice given.